It also indicates that a company has more funds to reinvest back into the future growth of the business. Most software offers ready-made report templates, including a statement of retained earnings, which you can customize to fit Bookkeeping for Etsy Sellers your company’s needs. Retained earnings are reported in the shareholders’ equity section of a […]
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Amortization in accounting refers to the systematic allocation of the cost of an intangible asset over its useful life. This process ensures that the expense is matched with the revenue generated by the asset, adhering to the matching principle in accounting. By spreading out the cost, businesses can more accurately reflect the asset’s contribution to […]